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The jobs crisis
Monday, June 13th, 2011
Jun 13, 2011
… the central objective of national economic policy until sustained recovery is firmly established must be increasing confidence, borrowing and lending, and spending… it is a false economy to defer infrastructure maintenance and replacement, and instead take advantage of a moment when 10-year interest rates are below 3 percent and construction unemployment approaches 20 percent to expand infrastructure investment. It is far too soon for financial policy to shift toward preventing future bubbles and possible inflation and away from assuring adequate demand.
Tags: budget, economy, ideology, standard of living
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